LAFAYETTE, La. (AP) – The Lafayette City-Parish Council has approved an agreement that calls for a nonprofit group to take over fundraising, development and management of a planned central park at the 100-acre “Horse Farm.”

City-parish government bought the large, undeveloped tract last year from the University of Louisiana at Lafayette to create a central park there.

The Advocate reports the plan had long been to hand over the project to a nonprofit group, and Lafayette Central Park Inc. was formed earlier this year to lease the property from city-parish government and oversee development of the park.

City-Parish President Joey Durel said Tuesday a key advantage is that the nonprofit group will likely have an easier time than government in raising money for the park.